Article

Seismic Changes to UK Insolvency Law Key Issues for US Financial Counterparties

Published Date

Jul 16, 2020

Authored by

On 26 June 2020, the Corporate Insolvency and Governance Act 2020 (the UK Act) came into force and made the most significant changes to UK insolvency law for over a decade. This article discusses the permanent measures that will be of most interest to U.S. financial counterparties.

Content Disclaimer

This content was originally published by Allen & Overy before the A&O Shearman merger

Related capabilities

Disputes Restructuring insolvency and special situations

About the
authors

David Lucking

Partner

New York

David advises financial institutions on a wide range of derivatives products and asset classes (including credit, rates, FX, longevity)...

Bill Satchell

Of Counsel

Washington DC

These have included advising banking organizations on structure and powers issues under the National Bank Act, the Bank Holding Comp...

Jonathan Cho

Senior Counsel

New York

He regularly advises financial institutions and other clients on structuring, enforcement, and regulatory compliance issues in connecti...

Lucy Aconley

Counsel

London

A large part of Lucy's work is the provision of a range of opinions on the potential impact of counterparty insolvency (including th...